MEDIROM Healthcare Technologies Inc. Unsponsored ADR
MRM Consumer Cyclical Personal Services
MEDIROM Healthcare Technologies Inc. Unsponsored ADR’s revenue for fiscal 2024 (year ended December 2024) was $54.8 million, up 13.0% from fiscal 2023.
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MEDIROM Healthcare Technologies Inc. Unsponsored ADR (MRM) Piotroski F-score
MEDIROM Healthcare Technologies Inc. Unsponsored ADR's Piotroski F-score for fiscal 2024 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, up from 2 in fiscal 2023.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 6 | 4.00 |
| FY2023 | 2 | (4.00) |
| FY2022 | 6 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 1.92% | 1.63% | Pass | 1 |
| Positive operating cash flow | (8.79m) | (4.49m) | Fail | 0 |
| Rising return on assets | 1.92% | 1.63% | Pass | 1 |
| Cash flow above net income | (9.77m) | (5.30m) | Fail | 0 |
| Falling long-term leverage | 0.10 | 0.34 | Pass | 1 |
| Rising current ratio | 0.65 | 0.49 | Pass | 1 |
| No new shares issued | 5,107,400 | 4,883,000 | Fail | 0 |
| Rising gross margin | 27.07% | 22.98% | Pass | 1 |
| Rising asset turnover | 1.07 | 0.96 | Pass | 1 |
| Piotroski F-score | Mixed | 6 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| CSV Carriage Services, Inc. compare | 7 |
| MRM MEDIROM Healthcare Technologies Inc. Unsponsored ADR | 6 |
| TRNR Interactive Strength Inc. compare | 5 |
| RGS Regis Corporation compare | 5 |
| IVPR Inspire Veterinary Partners, Inc. compare | 4 |
| MED MEDIFAST INC compare | 4 |
| EJH E-Home Household Service Holdings Limited compare | 3 |
| YFOR YYForce Inc. compare | 3 |
| CLIK Click Holdings Limited compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover